Overall Trade
Balance
Trade
Balance with Exports and Imports
Table
US Balance of Trade in Goods and Services
|
Metric
|
May 2024
|
Jan 2025
|
Feb 2025
|
Mar 2025
|
Apr 2025
|
May 2025
|
|
Balance
|
-74456
|
-130273
|
-122011
|
-138316
|
-60257
|
-71517
|
|
Goods
|
-100630
|
-156147
|
-147244
|
-162572
|
-86304
|
-97511
|
|
Services
|
26174
|
25874
|
25233
|
24255
|
26048
|
25994
|
|
Exports
|
264976
|
272436
|
278685
|
281074
|
290572
|
279000
|
|
Imports
|
339432
|
402710
|
400696
|
419391
|
350829
|
350517
|
|
Source: U.S. Census Bureau
|
Trade in Goods: Country
Analysis
Monthly Values
Imports from Key
Trading Partners
Exports to Key
Trading Partners
Trade Volume -
Monthly Values
Trade Volume - 12
Month Rolling Sum
Market
Share Analysis
Import Shares
(12-Month Rolling)
Export Shares
(12-Month Rolling)
Trade Volume Shares
(12 mo. rolling)
MoM
Change
MoM Change in
Imports by Country
United States - Import of Goods by Country (MoM % Change)
|
Countries
|
May-24
|
Jan-25
|
Feb-25
|
Mar-25
|
Apr-25
|
May-25
|
Share of total
|
|
European Union
|
18.2
|
13.3
|
7.3
|
33.2
|
-35.6
|
6.9
|
20.3
|
|
Mexico
|
15.5
|
2.7
|
2.7
|
2.0
|
-10.3
|
8.0
|
16.2
|
|
All other countries
|
14.9
|
-0.9
|
5.9
|
5.6
|
-9.8
|
-2.2
|
16.1
|
|
Canada
|
12.6
|
8.9
|
-4.4
|
-7.8
|
-17.2
|
0.5
|
10.6
|
|
China
|
13.3
|
6.3
|
-4.0
|
-8.1
|
-18.9
|
-26.3
|
7.6
|
|
South/Central America
|
4.9
|
-4.7
|
1.3
|
8.0
|
-2.4
|
1.2
|
5.4
|
|
Germany
|
5.1
|
10.3
|
-1.2
|
3.1
|
-13.6
|
4.2
|
4.8
|
|
Japan
|
4.8
|
12.3
|
-12.2
|
8.4
|
-0.3
|
-1.9
|
4.6
|
|
Korea, South
|
4.3
|
-0.6
|
-4.2
|
13.7
|
-21.5
|
14.9
|
3.9
|
|
India
|
2.7
|
-1.7
|
18.7
|
18.6
|
-15.0
|
-7.4
|
3.1
|
|
France
|
1.8
|
6.9
|
0.6
|
48.5
|
-22.2
|
-12.8
|
1.9
|
|
United Kingdom
|
2.0
|
17.3
|
-8.0
|
11.1
|
-31.6
|
3.3
|
1.7
|
|
Brazil
|
1.3
|
-2.5
|
14.3
|
1.3
|
-17.1
|
23.8
|
1.6
|
|
CAFTA-DR
|
1.1
|
-11.1
|
3.6
|
14.4
|
-4.2
|
-5.6
|
1.2
|
|
Israel
|
0.7
|
-8.7
|
5.9
|
16.8
|
-11.9
|
-39.4
|
0.4
|
|
Saudi Arabia
|
0.5
|
55.4
|
-7.6
|
-29.2
|
-15.5
|
18.6
|
0.3
|
|
Source: US Census Bureau
|
|
*CAFTA-DR = Central America-Dominican Republic Free Trade
Agreement
|
MoM Change in
Exports by Country
United States - Export of Goods by Country (MoM % Change)
|
Countries
|
May-24
|
Jan-25
|
Feb-25
|
Mar-25
|
Apr-25
|
May-25
|
Share of total
|
|
All other countries
|
18.1
|
5.1
|
-4.2
|
1.9
|
0.4
|
-1.5
|
18.9
|
|
European Union
|
17.3
|
7.1
|
-6.6
|
11.9
|
2.8
|
-2.8
|
18.7
|
|
Mexico
|
16.3
|
2.8
|
2.1
|
0.7
|
-4.5
|
-1.0
|
15.3
|
|
Canada
|
17.1
|
3.2
|
2.8
|
-2.4
|
-10.5
|
-2.4
|
14.6
|
|
South/Central America
|
10.0
|
3.6
|
2.7
|
-2.8
|
-0.3
|
1.3
|
10.1
|
|
United Kingdom
|
3.3
|
-19.1
|
56.6
|
-12.0
|
9.1
|
-13.1
|
4.4
|
|
Japan
|
3.9
|
-2.6
|
6.5
|
1.8
|
2.9
|
-2.9
|
3.9
|
|
China
|
7.0
|
-10.4
|
8.2
|
-3.7
|
-19.7
|
-19.9
|
3.9
|
|
Germany
|
3.7
|
17.2
|
-2.9
|
18.0
|
-2.1
|
-10.9
|
3.6
|
|
Korea, South
|
3.4
|
8.9
|
2.5
|
-8.1
|
13.5
|
-11.7
|
3.0
|
|
Brazil
|
2.4
|
-2.3
|
6.3
|
1.9
|
-2.8
|
7.5
|
2.7
|
|
France
|
2.0
|
19.8
|
-12.7
|
10.8
|
-1.2
|
16.1
|
2.7
|
|
CAFTA-DR
|
2.2
|
-1.9
|
0.2
|
3.4
|
-4.0
|
-0.5
|
2.1
|
|
India
|
2.1
|
4.7
|
8.7
|
-14.0
|
21.0
|
-13.6
|
2.0
|
|
Israel
|
0.7
|
-6.1
|
-0.8
|
16.1
|
-16.5
|
17.8
|
0.7
|
|
Saudi Arabia
|
0.7
|
-7.4
|
24.2
|
-17.2
|
55.1
|
-22.3
|
0.7
|
|
Source: US Census Bureau
|
|
*CAFTA-DR = Central America-Dominican Republic Free Trade
Agreement
|
Petroleum
vs. Non-Petroleun
Petroleum
vs. Non-Petroleum Trade Balance
Product Category
Analysis
Top
Products
Exports
Top 10 U.S. Exports by HS4 Code – May 2025
|
HS Code
|
Description
|
Value ($B)
|
Share (%)
|
|
8800
|
CIVILIAN AIRCRAFT, ENGINES, AND PARTS
|
11.52
|
6.3
|
|
2710
|
OIL (NOT CRUDE) FROM PETROL & BITUM MINERAL ETC.
|
8.89
|
4.9
|
|
7115
|
ARTICLES OF OR CLAD WITH PRECIOUS METAL NESOI
|
7.79
|
4.3
|
|
2709
|
CRUDE OIL FROM PETROLEUM AND BITUMINOUS MINERALS
|
7.49
|
4.1
|
|
2711
|
PETROLEUM GASES & OTHER GASEOUS HYDROCARBONS
|
6.39
|
3.5
|
|
3002
|
HUMAN BLOOD; ANIMAL BLOOD; ANTISERA, VACCINES ETC
|
5.44
|
3.0
|
|
8471
|
AUTOMATIC DATA PROCESS MACHINES; MAGN READER ETC
|
4.92
|
2.7
|
|
8703
|
MOTOR CARS & VEHICLES FOR TRANSPORTING PERSONS
|
4.66
|
2.5
|
|
8542
|
ELECTRONIC INTEGRATED CIRCUITS & MICROASSEMBL, PTS
|
4.19
|
2.3
|
|
7108
|
GOLD (INCL PLAT PLATED), UNWR, SEMIMFR OR POWDER
|
4.16
|
2.3
|
|
Total Exports: $183 billion
|
Imports
Top 10 U.S. Imports by HS4 Code – May 2025
|
HS Code
|
Description
|
Value ($B)
|
Share (%)
|
|
8471
|
AUTOMATIC DATA PROCESS MACHINES; MAGN READER ETC
|
20.11
|
7.3
|
|
8703
|
MOTOR CARS & VEHICLES FOR TRANSPORTING PERSONS
|
15.95
|
5.8
|
|
2709
|
CRUDE OIL FROM PETROLEUM AND BITUMINOUS MINERALS
|
12.00
|
4.3
|
|
3002
|
HUMAN BLOOD; ANIMAL BLOOD; ANTISERA, VACCINES ETC
|
10.27
|
3.7
|
|
8517
|
PHONE SETS; OTH APPARAT TRANS/RECEP VOICE/IMG/DATA
|
10.23
|
3.7
|
|
3004
|
MEDICAMENTS NESOI, MIXED OR NOT, IN DOSAGE ETC FM
|
7.74
|
2.8
|
|
8708
|
PARTS & ACCESS FOR MOTOR VEHICLES (HEAD 8701-8705)
|
7.07
|
2.6
|
|
8473
|
PARTS ETC FOR TYPEWRITERS & OTHER OFFICE MACHINES
|
6.78
|
2.5
|
|
2937
|
HORMONES; DERIVATIVES & STERIODS USED AS HORMONES
|
6.05
|
2.2
|
|
2710
|
OIL (NOT CRUDE) FROM PETROL & BITUM MINERAL ETC.
|
4.28
|
1.5
|
|
Total Imports: $276.5 billion
|
Product Category Analysis
Top
Products by HS2
Exports (HS2)
Top 10 U.S. Exports by HS2 Code – May 2025
|
HS2 Code
|
Description
|
Value ($B)
|
Share (%)
|
|
27
|
Mineral fuels, mineral oils and products of their distillation;
bituminous substances; mineral waxes.
|
24.17
|
13.2
|
|
84
|
Nuclear reactors, boilers, machinery and mechanical appliances; parts
thereof.
|
23.93
|
13.1
|
|
85
|
Electrical machinery and equipment and parts thereof; sound recorders
and reproducers, television image and sound recorders and reproducers,
and parts and accessories of such articles.
|
18.53
|
10.1
|
|
71
|
Natural or cultured pearls, precious or semi-precious stones, precious
metals, metals clad with precious metal and articles thereof; imitation
jewellery; coin.
|
15.59
|
8.5
|
|
88
|
Aircraft, spacecraft, and parts thereof.
|
12.35
|
6.7
|
|
87
|
Vehicles other than railway or tramway rolling-stock, and parts and
accessories thereof.
|
11.35
|
6.2
|
|
30
|
Pharmaceutical products.
|
8.44
|
4.6
|
|
39
|
Plastics and articles thereof.
|
6.58
|
3.6
|
|
29
|
Organic chemicals.
|
5.28
|
2.9
|
|
38
|
Miscellaneous chemical products.
|
3.02
|
1.7
|
|
Total Exports: $183 billion
|
Imports (HS2)
Top 10 U.S. Imports by HS2 Code – May 2025
|
HS2 Code
|
Description
|
Value ($B)
|
Share (%)
|
|
84
|
Nuclear reactors, boilers, machinery and mechanical appliances; parts
thereof.
|
52.99
|
19.2
|
|
85
|
Electrical machinery and equipment and parts thereof; sound recorders
and reproducers, television image and sound recorders and reproducers,
and parts and accessories of such articles.
|
39.73
|
14.4
|
|
87
|
Vehicles other than railway or tramway rolling-stock, and parts and
accessories thereof.
|
29.14
|
10.5
|
|
30
|
Pharmaceutical products.
|
18.98
|
6.9
|
|
27
|
Mineral fuels, mineral oils and products of their distillation;
bituminous substances; mineral waxes.
|
17.59
|
6.4
|
|
29
|
Organic chemicals.
|
9.42
|
3.4
|
|
39
|
Plastics and articles thereof.
|
5.69
|
2.1
|
|
71
|
Natural or cultured pearls, precious or semi-precious stones, precious
metals, metals clad with precious metal and articles thereof; imitation
jewellery; coin.
|
4.45
|
1.6
|
|
73
|
Articles of iron or steel.
|
3.65
|
1.3
|
|
40
|
Rubber and articles thereof.
|
3.07
|
1.1
|
|
Total Imports: $276.5 billion
|
Imports by General
Aggregation
Exports by General
Aggregation
Detailed Category
Imports
Detailed Category
Exports
Real goods
analysis
Real Export Change by Enduse Code
|
Category
|
$bn
|
chg, $bn
|
% m/m
|
% y/y
|
|
Total exports
|
156.5
|
5.5
|
3.6
|
9.3
|
|
Foods, feeds, & beverages
|
10.1
|
-0.4
|
-3.7
|
-3.5
|
|
Industrial supplies
|
56.6
|
7.7
|
15.7
|
24.8
|
|
Capital goods
|
52.4
|
0.7
|
1.3
|
10.2
|
|
Automotive vehicles
|
10.4
|
-3.0
|
-22.1
|
-21.4
|
|
Consumer goods
|
19.0
|
-1.1
|
-5.4
|
-8.0
|
|
Other goods
|
7.2
|
0.7
|
10.9
|
17.4
|
Real Import Change by Enduse Code
|
Category
|
$bn
|
chg, $bn
|
% m/m
|
% y/y
|
|
Total imports
|
240.9
|
-60.1
|
-20.0
|
2.1
|
|
Foods, feeds, & beverages
|
14.3
|
-0.6
|
-4.2
|
-0.0
|
|
Industrial supplies
|
36.5
|
-15.6
|
-30.0
|
-3.9
|
|
Capital goods
|
85.3
|
-3.2
|
-3.6
|
15.5
|
|
Automotive vehicles
|
30.2
|
-7.5
|
-19.9
|
-20.0
|
|
Consumer goods
|
67.9
|
-32.6
|
-32.4
|
6.1
|
|
Other goods
|
10.2
|
-0.4
|
-3.7
|
3.4
|
Services
U.S. Services Exports by Major Category - May 2025
|
Service
|
Value (\(bn) </th>
<th style="text-align:right;font-weight: bold;color: white
!important;background-color: rgba(0, 57, 115, 255) !important;">
Share (%) </th>
</tr>
</thead>
<tbody>
<tr>
<td style="text-align:left;width: 400px; ">
<b>Total</b> </td>
<td style="text-align:right;width: 100px; "> 98.8
</td>
<td style="text-align:right;width: 100px; "> 100.0
</td>
</tr>
<tr>
<td style="text-align:left;width: 400px; ">
Maintenance and Repair Services n.i.e. </td>
<td style="text-align:right;width: 100px; "> 3.9
</td>
<td style="text-align:right;width: 100px; "> 4.0
</td>
</tr>
<tr>
<td style="text-align:left;width: 400px; "> Transport
</td>
<td style="text-align:right;width: 100px; "> 8.7
</td>
<td style="text-align:right;width: 100px; "> 8.8
</td>
</tr>
<tr>
<td style="text-align:left;width: 400px; "> Travel
</td>
<td style="text-align:right;width: 100px; "> 18.0
</td>
<td style="text-align:right;width: 100px; "> 18.2
</td>
</tr>
<tr>
<td style="text-align:left;width: 400px; ">
Construction </td>
<td style="text-align:right;width: 100px; "> 0.2
</td>
<td style="text-align:right;width: 100px; "> 0.2
</td>
</tr>
<tr>
<td style="text-align:left;width: 400px; "> Insurance
Services </td>
<td style="text-align:right;width: 100px; "> 2.7
</td>
<td style="text-align:right;width: 100px; "> 2.7
</td>
</tr>
<tr>
<td style="text-align:left;width: 400px; "> Financial
Services </td>
<td style="text-align:right;width: 100px; "> 16.6
</td>
<td style="text-align:right;width: 100px; "> 16.8
</td>
</tr>
<tr>
<td style="text-align:left;width: 400px; "> Charges
for the Use of Intellectual Property n.i.e. </td>
<td style="text-align:right;width: 100px; "> 14.9
</td>
<td style="text-align:right;width: 100px; "> 15.1
</td>
</tr>
<tr>
<td style="text-align:left;width: 400px; "> Other
Business Services </td>
<td style="text-align:right;width: 100px; "> 22.2
</td>
<td style="text-align:right;width: 100px; "> 22.5
</td>
</tr>
<tr>
<td style="text-align:left;width: 400px; "> Personal,
Cultural, and Recreational Services </td>
<td style="text-align:right;width: 100px; "> 1.4
</td>
<td style="text-align:right;width: 100px; "> 1.4
</td>
</tr>
<tr>
<td style="text-align:left;width: 400px; ">
Government Goods and Services n.i.e. </td>
<td style="text-align:right;width: 100px; "> 2.4
</td>
<td style="text-align:right;width: 100px; "> 2.4
</td>
</tr>
</tbody>
<tfoot><tr><td style="padding: 0; "
colspan="100%">
<sup></sup> Source: U.S. Bureau of Economic
Analysis</td></tr></tfoot>
</table>
<table class="table table-striped table-hover
table-condensed" style="font-size: 12px; width: auto
!important; margin-left: auto; margin-right: auto;border-bottom:
0;">
<caption style="font-size: initial !important;"><div
style="text-align: center; color: #AE0E16; font-weight: bold;
font-size: 18px; margin-bottom: 15px;">U.S. Services Imports by
Major Category - May 2025</div></caption>
<thead>
<tr>
<th style="text-align:left;font-weight: bold;color: white
!important;background-color: rgba(0, 57, 115, 255) !important;">
Service </th>
<th style="text-align:right;font-weight: bold;color: white
!important;background-color: rgba(0, 57, 115, 255) !important;">
Value (\)bn)
|
Share (%)
|
|
Total
|
72.8
|
100.0
|
|
Maintenance and Repair Services n.i.e.
|
0.7
|
1.0
|
|
Transport
|
12.7
|
17.5
|
|
Travel
|
15.5
|
21.4
|
|
Construction
|
0.3
|
0.5
|
|
Insurance Services
|
8.5
|
11.7
|
|
Financial Services
|
5.5
|
7.6
|
|
Charges for the Use of Intellectual Property n.i.e.
|
4.4
|
6.1
|
|
Other Business Services
|
14.2
|
19.4
|
|
Personal, Cultural, and Recreational Services
|
2.2
|
3.1
|
|
Government Goods and Services n.i.e.
|
2.2
|
3.0
|
|
Source: U.S. Bureau of Economic Analysis
|
Appendix
Note 1
Section 1 is the only section where the goods data is on a BOP basis.
The services data from this section and from all other section is
released on a Census basis. While it may seem unconventional to release
goods data and services on different bases, trade balanced data is
released in this form by Bloomberg, tradingeconomics.com as well as the
Census itself.
Note 2
The data displayed on Section 2 contains a gap between 2010 and 2012.
This is a quirk of the excel spreadsheet released by the U.S. Census
Bureau. ## Note 3: Petroleum Differences {.tabset} This report uses two
different definitions for petroleum. The first definition is the Census
definition of petroleum employed in section 3, and the second definition
uses the Harmonized System (HS) and is used in sections blah and blah.
In general, beyond fuels, petroleum gases and crude oil, the Census
definition covers chemicals such as benzene and toluene, whereas the HS
definition focuses on different forms of crude oil (code 2709), fuels
(code 2710) and petroleum gases (2711). Despite these differences, the
following figures display the significant overlap in both definitions.
In Figures A1-A4, Petroleum denotes the Census definition whereas “Oil”
denotes the “Crude oil, fuels, petroleum gases” HS definition.
Figure A1